Shares of Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 27,914 shares changed hands during mid-day trading, an increase of 1% from the previous session's volume of 27,700 shares.The stock last traded at $5.62 and had previously closed at $5.51.
Analyst Ratings Changes
Several research firms recently weighed in on RKUNY. Nomura Securities upgraded shares of Rakuten to a "hold" rating in a report on Tuesday, May 27th. CLSA upgraded shares of Rakuten to a "strong-buy" rating in a research report on Thursday, May 29th.
Read Our Latest Stock Analysis on Rakuten
Rakuten Price Performance
The company has a debt-to-equity ratio of 4.62, a current ratio of 1.16 and a quick ratio of 1.16. The firm's 50 day simple moving average is $5.61 and its two-hundred day simple moving average is $5.85. The firm has a market capitalization of $12.12 billion, a P/E ratio of -9.52 and a beta of 1.05.
Rakuten (OTCMKTS:RKUNY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $3.69 billion for the quarter. Rakuten had a negative net margin of 8.35% and a negative return on equity of 17.37%. As a group, analysts predict that Rakuten, Inc. will post 0.06 earnings per share for the current year.
About Rakuten
(
Get Free Report)
Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rakuten, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rakuten wasn't on the list.
While Rakuten currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
